Operating Property Value Sample Clauses
Operating Property Value. The Borrower shall not at any time permit the Operating Property Values of the Collateral Properties in the aggregate to be less than $250,000,000, subject to the provisions of Section 11.10.
Operating Property Value. As defined in the Specified Senior Secured Credit Agreement. Original Closing Date. September 17, 2015. Other Real Estate Investments. As defined in the Specified Senior Secured Credit Agreement.
Operating Property Value. As of any date of determination, on a consolidated basis for the Consolidated Group the sum of: (a) the aggregate Property NOI for all Stabilized Properties (excluding Property NOI from Stabilized Properties being held at acquisition cost under (b) below) for the most recent calendar quarter, annualized, divided by the Capitalization Rate, plus (b) the acquisition cost of any Stabilized Property for the first eighteen (18) months following its acquisition. Other Real Estate Investments. Investments in Real Estate (i) which are not Multifamily Properties, and (ii) Debt Investments related to Multifamily Properties.